Romania: Market for Cultured Pearls, Precious Or Semi-Precious Stones 2024

Market Size for Cultured Pearls, Precious Or Semi-Precious Stones in Romania

The Romanian precious stone and pearl market skyrocketed to $X in 2022, jumping by 24% against the previous year. In general, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Cultured Pearls, Precious Or Semi-Precious Stones in Romania

In value terms, precious stone and pearl production reduced to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The growth pace was the most rapid in 2021 when the production volume increased by 1.8% against the previous year. Precious stone and pearl production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Cultured Pearls, Precious Or Semi-Precious Stones

Exports from Romania

In 2022, overseas shipments of cultured pearls, precious or semi-precious stones decreased by -50% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 299% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, precious stone and pearl exports fell dramatically to $X in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 46%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for precious stone and pearl exports from Romania, with a 79% share of total exports. Moreover, precious stone and pearl exports to the UK exceeded the volume sent to the second major destination, Ukraine (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the UK totaled +1,364.9%.

In value terms, the UK ($X) emerged as the key foreign market for cultured pearls, precious or semi-precious stones exports from Romania, comprising 30% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +96.5%.

Export Prices by Country

The average precious stone and pearl export price stood at $X per ton in 2022, shrinking by -3.5% against the previous year. Over the period under review, the export price faced a sharp curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 55%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Ukraine stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+165.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cultured Pearls, Precious Or Semi-Precious Stones

Imports into Romania

In 2022, purchases abroad of cultured pearls, precious or semi-precious stones decreased by -50.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 389%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, precious stone and pearl imports fell significantly to $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 151%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest precious stone and pearl supplier to Romania, with a 39% share of total imports. Moreover, precious stone and pearl imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.6% per year) and Italy (-24.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of cultured pearls, precious or semi-precious stones to Romania, comprising 50% of total imports. The second position in the ranking was taken by India ($X), with a 7.2% share of total imports. It was followed by Hong Kong SAR, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-13.3% per year) and Hong Kong SAR (-2.9% per year).

Import Prices by Country

In 2022, the average precious stone and pearl import price amounted to $X per ton, reducing by -4.4% against the previous year. In general, the import price, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2013 an increase of 70%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+1,478.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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